1525 W 37th Street, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 2 bath
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Los Angeles, California 90018
This property presents a High-Potential Investment Opportunity with a List Price of $880,000, positioned above the $750,482 Fair Market Value. While the current structure has a Condition Rating of 6, the true value lies in the 6,400 SF LAR2 Zoning, which permits the construction of two primary units plus ADUs. Delivered 100% vacant, this site offers immediate development potential in a high-demand student housing corridor near USC. This is a strategic acquisition ideal for Student Housing Developers or Buy-and-Hold Investors seeking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1525 W 37th Street Subject | $880,000* List Price | 2 | 2 | 894 | $839 | - |
A 1572 W 37th Place Active | $985,000 List Price | 2 | 1 | 1,168 | $843 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1905 and marketed explicitly as a 'Student Housing Development opportunity.' The value lies in the 6,400 SF LAR2 zoned lot rather than the 120-year-old structure, which lacks any mention of modern updates to systems, kitchen, or baths.
Located just blocks from the University of Southern California and University Village, the property is positioned in a premier student housing corridor with high rental demand and appreciation potential.
The 6,400 SF lot features LAR2 zoning, providing a versatile opportunity to build two primary units plus additional ADUs, maximizing the site's density and income-producing capacity.
The property will be delivered 100% vacant, allowing developers to bypass the complexities of tenant relocation and immediately begin the entitlement or construction process.
As the value lies primarily in the land and zoning, the existing 1905 structure likely requires demolition or a total overhaul, necessitating substantial additional investment beyond the purchase price.
While the property is ideal for student housing, several nearby public middle and high schools have low performance ratings, which may limit its appeal to traditional long-term family residents.
We are pleased to present the opportunity to acquire this 6,400 SF lot Student Housing Development opportunity located at 1525 W. 37th Street, a couple of blocks away from the University of Southern California (USC). The site offers a zoning ordinance of LAR2, which allows for the construction of 2 units by right + ADU's. There is an owner occupied single family residence currently on the lot, which will be delivered 100% vacant. The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 894 | 1,672 |
| Lot Size | 6,402 | 6,067 |
| Price | $880.0K | $1.37M |
| Price per sq ft | $984 | $801 |
| Built year | 1905 | 1939 |
| HOA | $0 | $348 |
| Days on market | 13 | 56 |
Jul 9, 2026
$880,000
Initial Listing